Gulf Keystone Petroleum’s (GKP) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Gulf Keystone Petroleum (LON:GKP) in a report published on Wednesday,Digital Look reports. The firm currently has a GBX 275 price target on the oil production company’s stock.

Separately, Peel Hunt restated a “buy” rating and set a GBX 277 price target on shares of Gulf Keystone Petroleum in a research note on Monday, July 13th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Gulf Keystone Petroleum has a consensus rating of “Buy” and a consensus price target of GBX 276.

Gulf Keystone Petroleum Stock Up 0.7%

GKP opened at GBX 192.20 on Wednesday. The stock has a market capitalization of £417.93 million, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 0.06 and a beta of 0.12. Gulf Keystone Petroleum has a one year low of GBX 160.60 and a one year high of GBX 235. The business’s 50-day simple moving average is GBX 176.33 and its 200-day simple moving average is GBX 187.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.18 and a current ratio of 1.64.

Gulf Keystone Petroleum Company Profile

Gulf Keystone Petroleum Limited engages in oil and gas exploration, development, and production in the Kurdistan Region of Iraq. The company operates Shaikan field that covers an area of approximately 280 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services. The company was incorporated in 2001 and is based in Hamilton, Bermuda.